Elixir Energy operational update on Daydream-2 well

Elixir Energy Limited (ASX:EXR) is pleased to provide an operational update on the Daydream-2 well in its 100% owned Project Grandis in Queensland's Taroom Trough. The production logging tool (PLT) confirmed the contribution from upper zones and the need for the Coil Tubing Unit (CTU) to return to the site for nitrogen lift and clean-out work.

Elixir Energy Managing Director's commentary on Daydream-2 well operations

It is very pleasing to have the PLT confirm flows from the upper stimulated zones in Daydream-2. Although a little bit frustrating, the slight delay as we wait for the return of the CTU is in fact reflective of the hectic pace of multi-operator activity in the Taroom Trough, which we can only see accelerating as the importance of this region to Australia's gas supplies is increasingly recognised.

Summary of Elixir Energy's Daydream-2 well operational update

Elixir Energy (ASX:EXR) has confirmed the contribution from upper zones in the Daydream-2 well, with the lower zone dominating the flow. The company plans to bring the Coil Tubing Unit (CTU) back to the site for nitrogen lift and clean-out work, anticipating completion before the end of the month. Elixir's Managing Director, Mr Neil Young, highlighted the significance of the region to Australia's gas supplies and expressed optimism about the accelerating multi-operator activity in the Taroom Trough.